Stock market indices
Nifty 500 BSE 500
Market Cap
₹30,805 Cr
NUVAMA · NSE
Share Price
₹1,661.90
-0.46% today
Revenue
₹4,631 Cr
FY 2025-26 · +11.3% YoY
EBITDA
₹2,441 Cr
Margin 52.7%
Net Profit
₹1,041 Cr
FY 2025-26 · +5.6% YoY
P/E (TTM)
28.9x
P/B 7.6x
Authorised capital
₹2,000 Cr
Registered with MCA
Paid-up capital
₹36.51 Cr
Issued & subscribed
About Nuvama Wealth Management Limited
Data last updated:
Nuvama Wealth Management Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Pagac Ecstasy Pte. Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 20 August 1993 and has been in existence for over 33 years.
Nuvama Wealth Management is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67110MH1993PLC344634. Its GSTIN is 27AAACK3792N1Z0 (Maharashtra). The company holds 6 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543988 and NSE: NUVAMA.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹36.51 Cr. It was formerly known as Edelweiss Securities Private Limited. It is led by directors including Ashish Kehair (Managing Director) and Shiv Sehgal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,630.69 Cr, a growth of 11.3% compared to the previous year. For the same year it recorded a net profit of ₹1,041.04 Cr (net margin 22.5%) and EBITDA of ₹2,441.37 Cr (EBITDA margin 52.7%). The net worth stands at ₹4,120.94 Cr (up 18.1% YoY). Total assets are valued at ₹15,667 Cr (up 38.3% YoY).
The company has about 235 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 2 brands: Nuvama and Nuvama Private. As per MCA filings, the company has open charges of ₹3,062.45 Cr and satisfied charges of ₹2,917.76 Cr on record. Court records list 27 cases involving the company, including 9 filed by the company and 18 filed against it; 5 cases are pending. The company has 33 deals on record (10 secondary share transfers, 10 funding rounds, 10 market trades), with disclosed funding of ₹2,190.24 Cr; the latest was in October 2025. Its 3 peer companies in the BFSI industry (Broking Services, Wealth Management), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 1 larger and 2 smaller; the largest is HDFC Securities Limited with revenue of ₹3,264.55 Cr. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 8 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nuvama.com.
Company details
CIN L67110MH1993PLC344634
Registration Number 344634
Incorporation Date 20 August 1993
ROC Mumbai
Listing Status Listed - Listed on NSE (NUVAMA); Listed on BSE (543988)
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Pagac Ecstasy Pte. Limited
Compliance Status Active Compliant
CIN history
Nuvama Wealth Management has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L67110MH1993PLC344634, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67110MH1993PLC344634 | Current |
| U67110TG1993PLC052266 | Previous |
| U67110MH1993PLC344634 | Previous |
Recognitions & Rankings of Nuvama Wealth Management
Contact details
Nuvama Wealth Management Limited's registered office is in Mumbai, Maharashtra. Its website is nuvama.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address801 To 804 Wing A Building No 3, Inspire BKC G Block BKC, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Nuvama Wealth Management Limited, buy the company report.
Comprehensive company report
Nuvama Wealth Management Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Nuvama Wealth Management operates two associated brands: Nuvama and Nuvama Private. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An integrated wealth management platform is operated by Nuvama. | nuvama.com | |
| Wealth management services are provided to high-net-worth individuals. | nuvamaprivate.com |
Business activity
The main business activity of Nuvama Wealth Management is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Nuvama Wealth Management Limited, buy the company report.
Financials of Nuvama Wealth Management Limited
FY 2025-26 filings availableNuvama Wealth Management Limited reported revenue of ₹4,630.69 Cr (up 11.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹4,631 Cr
+11.3% YoY
EBITDA
₹2,441 Cr
+10.0% YoY
Profit After Tax
₹1,041 Cr
+5.6% YoY
Net Worth
₹4,121 Cr
+18.1% YoY
Total Assets
₹15,667 Cr
+38.3% YoY
Total Debt
₹11,544 Cr
+47.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,631 | 4,162 | 3,156 | 2,223 | 1,778 | 1,384 | 780 |
| Revenue growth | +11.3% | +31.9% | +42.0% | +25.0% | +28.5% | +77.4% | - |
| EBITDA | 2,441 | 2,220 | 1,565 | 883 | 646 | (192) | 499 |
| EBITDA margin | +52.7% | +53.3% | +49.6% | +39.7% | +36.3% | -13.9% | +63.9% |
| Profit before tax | 1,385 | 1,318 | 812 | 406 | 935 | (417) | 360 |
| Net profit | 1,041 | 986 | 626 | 305 | 278 | 103 | 281 |
| Net profit margin | +22.5% | +23.7% | +19.8% | +13.7% | +15.6% | +7.5% | +36.0% |
| EPS (₹) | 56.06 | 274.14 | 177.10 | 87.03 | 246.90 | (136.78) | 109.09 |
| Balance sheet | |||||||
| Total assets | 15,667 | 11,332 | 9,645 | 7,672 | 5,462 | 3,037 | 2,541 |
| Net worth | 4,121 | 3,490 | 2,895 | 2,254 | 1,913 | 1,609 | 1,083 |
| Total debt | 11,544 | 7,839 | 6,746 | 5,413 | 3,549 | 1,428 | 1,287 |
| Cash & bank | 21,971 | 20,235 | 12,613 | 5,328 | 4,649 | 4,554 | 2,980 |
| Net working capital | 7,330 | 6,164 | 4,261 | 3,639 | 2,201 | 1,292 | 1,031 |
| Cash flow | |||||||
| Cash from operations | (3,014) | (373) | (1,658) | (1,865) | (1,425) | (1,108) | (500) |
| Cash from investing | (119) | (61.90) | (79.02) | (173) | (80.51) | (124) | (112) |
| Cash from financing | 3,181 | 601 | 1,316 | 1,825 | 2,139 | 877 | 235 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,376 | 1,269 | 1,104 | 1,135 | 1,123 | 1,120 | 1,034 | 1,053 |
| Revenue growth (YoY) | +22.6% | +13.3% | +6.8% | +7.8% | +18.2% | - | - | - |
| Other income | 8.19 | 20.28 | 1.79 | 7.82 | 3.48 | 8.72 | 1.22 | 3.74 |
| EBITDA | 724 | 629 | 607 | 593 | 612 | 575 | 582 | 565 |
| EBITDA margin | +52.6% | +49.5% | +55.0% | +52.3% | +54.5% | +51.3% | +56.2% | +53.6% |
| Depreciation | 26.92 | 36.21 | 26.64 | 25.39 | 24.27 | 28.67 | 24.04 | 21.49 |
| Interest | 295 | 258 | 242 | 237 | 240 | 215 | 225 | 200 |
| Profit before tax | 411 | 355 | 340 | 339 | 351 | 340 | 334 | 347 |
| Tax | 105 | 86.25 | 86.36 | 85.25 | 86.85 | 84.79 | 82.37 | 90.03 |
| Net profit | 306 | 269 | 254 | 254 | 264 | 255 | 252 | 257 |
| EPS (₹) | 16.34 | 14.40 | 13.62 | 68.14 | 70.70 | 69.06 | 68.55 | 70.45 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,186 | 1,354 | 654 | 351 | 361 | 565 | 348 |
| Revenue growth | -12.4% | +107.1% | +86.5% | -2.7% | -36.1% | +62.2% | - |
| EBITDA | 697 | 783 | 250 | 40.38 | 59.04 | 185 | 165 |
| EBITDA margin | +58.8% | +57.8% | +38.2% | +11.5% | +16.4% | +32.8% | +47.4% |
| Profit before tax | 605 | 658 | 108 | 7.10 | 184 | 72.17 | 80.15 |
| Net profit | 567 | 597 | 98.19 | 6.34 | 40.73 | 194 | 61.75 |
| Net profit margin | +47.8% | +44.1% | +15.0% | +1.8% | +11.3% | +34.4% | +17.7% |
| EPS (₹) | 30.54 | 166.15 | 27.78 | 1.80 | 109.45 | 18.28 | 23.64 |
| Balance sheet | |||||||
| Total assets | 3,196 | 2,692 | 2,327 | 1,942 | 1,592 | 1,527 | 1,090 |
| Net worth | 2,087 | 1,935 | 1,732 | 1,627 | 1,592 | 1,479 | 415 |
| Total debt | 1,109 | 757 | 595 | 316 | 0.00 | 48.48 | 675 |
| Cash & bank | 607 | 649 | 828 | 374 | 350 | 198 | 381 |
| Net working capital | 1,447 | 1,159 | 841 | 446 | 224 | 260 | 419 |
| Cash flow | |||||||
| Cash from operations | (7.71) | 57.19 | (172) | (270) | 178 | 301 | 219 |
| Cash from investing | 166 | 395 | (81.96) | (82.22) | (130) | (500) | (247) |
| Cash from financing | (218) | (386) | 252 | 286 | (3.95) | 175 | 18.72 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 424 | 172 | 404 | 188 | 422 | 218 | 385 | 516 |
| Revenue growth (YoY) | +0.5% | -20.9% | +4.8% | -63.6% | +79.1% | - | - | - |
| Other income | 6.54 | 8.01 | 2.86 | 4.28 | 3.21 | 2.69 | 0.17 | 0.00 |
| Total expenses | 146 | 141 | 91.05 | 111 | 145 | 154 | 135 | 145 |
| EBITDA | 278 | 30.80 | 313 | 76.25 | 278 | 63.72 | 251 | 371 |
| EBITDA margin | +65.5% | +17.9% | +77.4% | +40.6% | +65.8% | +29.3% | +65.1% | +71.9% |
| Depreciation | 3.70 | 3.87 | 4.64 | 4.33 | 3.96 | 4.22 | 4.05 | 3.97 |
| Interest | 23.97 | 14.83 | 13.62 | 13.88 | 51.93 | 25.67 | 27.34 | 29.09 |
| Profit before tax | 257 | 20.11 | 297 | 62.32 | 225 | 36.52 | 219 | 338 |
| Tax | 2.30 | 1.00 | 16.90 | 15.97 | 3.62 | 9.05 | 12.54 | 20.80 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,376 | 1,269 | 1,104 | 1,135 | 1,123 | 1,120 | 1,034 | 1,053 |
| Revenue growth (YoY) | +22.6% | +13.3% | +6.8% | +7.8% | +18.2% | - | - | - |
| Other income | 8.19 | 20.28 | 1.79 | 7.82 | 3.48 | 8.72 | 1.22 | 3.74 |
| EBITDA | 724 | 629 | 607 | 593 | 612 | 575 | 582 | 565 |
| EBITDA margin | +52.6% | +49.5% | +55.0% | +52.3% | +54.5% | +51.3% | +56.2% | +53.6% |
| Depreciation | 26.92 | 36.21 | 26.64 | 25.39 | 24.27 | 28.67 | 24.04 | 21.49 |
| Interest | 295 | 258 | 242 | 237 | 240 | 215 | 225 | 200 |
| Profit before tax | 411 | 355 | 340 | 339 | 351 | 340 | 334 | 347 |
| Tax | 105 | 86.25 | 86.36 | 85.25 | 86.85 | 84.79 | 82.37 | 90.03 |
| Net profit | 306 | 269 | 254 | 254 | 264 | 255 | 252 | 257 |
| EPS (₹) | 16.34 | 14.40 | 13.62 | 68.14 | 70.70 | 69.06 | 68.55 | 70.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,631 | 4,162 | 3,156 | 2,223 | 1,778 | 1,384 | 780 |
| Revenue growth | +11.3% | +31.9% | +42.0% | +25.0% | +28.5% | +77.4% | - |
| Other income | 32.78 | 14.39 | 3.56 | 8.04 | 638 | 71.84 | 75.86 |
| Total expenses | 2,189 | 1,942 | 1,592 | 1,340 | 1,132 | 1,576 | 281 |
| Employee cost | 0.00 | 1,166 | 891 | 729 | 600 | 502 | 110 |
| EBITDA | 2,441 | 2,220 | 1,565 | 883 | 646 | (192) | 499 |
| EBITDA margin | +52.7% | +53.3% | +49.6% | +39.7% | +36.3% | -13.9% | +63.9% |
| Depreciation | 113 | 94.37 | 136 | 88.58 | 71.32 | 50.11 | 14.57 |
| Interest | 977 | 822 | 620 | 396 | 278 | 246 | 200 |
| Profit before tax | 1,385 | 1,318 | 812 | 406 | 935 | (417) | 360 |
| Tax | 345 | 333 | 187 | 101 | 77.98 | 58.21 | 73.90 |
| Net profit | 1,041 | 986 | 626 | 305 | 278 | 103 | 281 |
| Net profit margin | +22.5% | +23.7% | +19.8% | +13.7% | +15.6% | +7.5% | +36.0% |
| EPS (₹) | 56.06 | 274.14 | 177.10 | 87.03 | 246.90 | (136.78) | 109.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 36.41 | 35.97 | 35.31 | 35.06 | 17.17 | 17.17 | 26.21 |
| Reserves & surplus | 4,084 | 3,454 | 2,859 | 2,219 | (348) | (652) | 1,056 |
| Shareholders' funds (net worth) | 4,121 | 3,490 | 2,895 | 2,254 | 1,913 | 1,609 | 1,083 |
| Minority interest | 2.21 | 2.97 | 4.08 | 4.56 | 0.00 | 0.00 | 171 |
| Secured loans | 7,361 | 5,941 | 4,875 | 4,202 | 2,381 | 1,027 | 595 |
| Unsecured loans | 4,183 | 1,898 | 1,871 | 1,211 | 1,168 | 401 | 692 |
| Total debt | 11,544 | 7,839 | 6,746 | 5,413 | 3,549 | 1,428 | 1,287 |
| Total liabilities | 15,667 | 11,332 | 9,645 | 7,672 | 5,462 | 3,037 | 2,541 |
| Assets | |||||||
| Gross block | 766 | 696 | 637 | 518 | 389 | 293 | 134 |
| Net block | 280 | 312 | 290 | 284 | 219 | 162 | 108 |
| Capital work in progress | 8.86 | 5.14 | 7.68 | 25.09 | 17.76 | 22.39 | 4.45 |
| Investments | 358 | 221 | 170 | 170 | 70.20 | 24.66 | 665 |
| Inventories | 1,702 | 1,434 | 738 | 1,310 | 890 | 207 | 213 |
| Sundry debtors | 997 | 750 | 639 | 890 | 892 | 272 | 349 |
| Cash & bank balances | 21,971 | 20,235 | 12,613 | 5,328 | 4,649 | 4,554 | 2,980 |
| Loans & advances | 1,484 | 800 | 1,014 | 1,155 | 906 | 673 | 158 |
| Total current assets | 26,154 | 23,220 | 15,004 | 8,683 | 7,338 | 5,706 | 3,700 |
| Total current liabilities | 18,825 | 17,056 | 10,743 | 5,044 | 5,136 | 4,414 | 2,669 |
| Net working capital | 7,330 | 6,164 | 4,261 | 3,639 | 2,201 | 1,292 | 1,031 |
| Total assets | 15,667 | 11,332 | 9,645 | 7,672 | 5,462 | 3,037 | 2,541 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 533 | 367 | 788 | 1,000 | 368 | 722 | 1,098 |
| Net cash from operating activities | (3,014) | (373) | (1,658) | (1,865) | (1,425) | (1,108) | (500) |
| Net cash from investing activities | (119) | (61.90) | (79.02) | (173) | (80.51) | (124) | (112) |
| Net cash from financing activities | 3,181 | 601 | 1,316 | 1,825 | 2,139 | 877 | 235 |
| Net change in cash | 48.40 | 166 | (422) | (212) | 633 | (354) | (376) |
| Closing cash | 21,971 | 20,235 | 12,613 | 5,328 | 4,649 | 4,554 | 2,980 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.3% | +31.9% | +42.0% | +25.0% | +28.5% | +77.4% | - |
| EBITDA growth | +10.0% | +41.9% | +77.2% | +36.7% | +436.2% | -138.5% | - |
| PBT growth | +5.1% | +62.4% | +100.0% | -56.6% | +9998.0% | - | +9997.0% |
| Net income growth | +5.6% | +57.5% | +105.3% | +9.7% | +168.7% | -63.2% | - |
| Revenue CAGR (3Y) | +27.7% | +32.8% | +31.6% | +41.8% | - | - | - |
| EBITDA CAGR (3Y) | +40.4% | +50.9% | - | +21.0% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +22.5% | +23.7% | +19.8% | +13.7% | +48.2% | -34.3% | +36.7% |
| Return on capital employed | - | +20.5% | +15.9% | +10.9% | +12.3% | 0.0% | +24.0% |
| Return on net worth | - | +31.1% | +21.5% | +10.5% | +12.4% | 0.0% | +27.2% |
| Debt / equity | - | 2.30 | 2.38 | 2.18 | 1.44 | 1.03 | 1.22 |
| Long-term debt / equity | - | 1.56 | 1.54 | 1.39 | 1.03 | 0.89 | 0.87 |
| Interest cover | 41.94 | 38.66 | 43.39 | 49.90 | 48.34 | -101.67 | 41.36 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 6.48 | 5.72 | 5.29 | 7.86 | 8.07 | 8.38 |
| Inventory turnover | - | 3.85 | 3.09 | 2.03 | 4.41 | 6.93 | 4.02 |
| Debtors turnover | - | 6.01 | 4.13 | 2.50 | 4.15 | 4.69 | 2.45 |
| EPS (₹) | 56.06 | 274.14 | 177.10 | 87.03 | 246.90 | (136.78) | 109.09 |
| Dividend per share (₹) | 14.00 | 144.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 964.79 | 813.95 | 634.30 | (99.63) | (187.54) | 400.89 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 424 | 172 | 404 | 188 | 422 | 218 | 385 | 516 |
| Revenue growth (YoY) | +0.5% | -20.9% | +4.8% | -63.6% | +79.1% | - | - | - |
| Other income | 6.54 | 8.01 | 2.86 | 4.28 | 3.21 | 2.69 | 0.17 | 0.00 |
| Total expenses | 146 | 141 | 91.05 | 111 | 145 | 154 | 135 | 145 |
| EBITDA | 278 | 30.80 | 313 | 76.25 | 278 | 63.72 | 251 | 371 |
| EBITDA margin | +65.5% | +17.9% | +77.4% | +40.6% | +65.8% | +29.3% | +65.1% | +71.9% |
| Depreciation | 3.70 | 3.87 | 4.64 | 4.33 | 3.96 | 4.22 | 4.05 | 3.97 |
| Interest | 23.97 | 14.83 | 13.62 | 13.88 | 51.93 | 25.67 | 27.34 | 29.09 |
| Profit before tax | 257 | 20.11 | 297 | 62.32 | 225 | 36.52 | 219 | 338 |
| Tax | 2.30 | 1.00 | 16.90 | 15.97 | 3.62 | 9.05 | 12.54 | 20.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,186 | 1,354 | 654 | 351 | 361 | 565 | 348 |
| Revenue growth | -12.4% | +107.1% | +86.5% | -2.7% | -36.1% | +62.2% | - |
| Other income | 18.36 | 2.86 | 0.10 | 43.43 | 169 | 2.52 | 0.39 |
| Total expenses | 489 | 572 | 404 | 310 | 302 | 379 | 183 |
| Employee cost | 0.00 | 279 | 194 | 167 | 157 | 121 | 80.26 |
| EBITDA | 697 | 783 | 250 | 40.38 | 59.04 | 185 | 165 |
| EBITDA margin | +58.8% | +57.8% | +38.2% | +11.5% | +16.4% | +32.8% | +47.4% |
| Depreciation | 16.80 | 16.01 | 73.49 | 45.85 | 32.14 | 19.88 | 10.20 |
| Interest | 94.26 | 111 | 68.94 | 30.86 | 11.84 | 95.70 | 75.10 |
| Profit before tax | 605 | 658 | 108 | 7.10 | 184 | 72.17 | 80.15 |
| Tax | 37.49 | 60.44 | 9.44 | 0.80 | (4.34) | 8.67 | 18.19 |
| Net profit | 567 | 597 | 98.19 | 6.34 | 40.73 | 194 | 61.75 |
| Net profit margin | +47.8% | +44.1% | +15.0% | +1.8% | +11.3% | +34.4% | +17.7% |
| EPS (₹) | 30.54 | 166.15 | 27.78 | 1.80 | 109.45 | 18.28 | 23.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 36.41 | 35.97 | 35.31 | 35.06 | 17.17 | 17.17 | 26.21 |
| Reserves & surplus | 2,050 | 1,899 | 1,696 | 1,591 | (669) | (782) | 389 |
| Shareholders' funds (net worth) | 2,087 | 1,935 | 1,732 | 1,627 | 1,592 | 1,479 | 415 |
| Secured loans | 0.00 | 271 | 226 | 0.00 | 0.00 | 0.00 | 267 |
| Unsecured loans | 1,109 | 485 | 369 | 316 | 0.00 | 48.48 | 408 |
| Total debt | 1,109 | 757 | 595 | 316 | 0.00 | 48.48 | 675 |
| Total liabilities | 3,196 | 2,692 | 2,327 | 1,942 | 1,592 | 1,527 | 1,090 |
| Assets | |||||||
| Gross block | 375 | 363 | 326 | 285 | 167 | 167 | 110 |
| Net block | 128 | 157 | 133 | 174 | 87.03 | 107 | 92.24 |
| Capital work in progress | 3.10 | 1.04 | 0.00 | 0.69 | 1.72 | 0.05 | 0.44 |
| Investments | 1,611 | 1,356 | 1,333 | 1,319 | 1,286 | 1,171 | 547 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Sundry debtors | 132 | 176 | 160 | 58.84 | 49.18 | 61.01 | 48.04 |
| Cash & bank balances | 607 | 649 | 828 | 374 | 350 | 198 | 381 |
| Loans & advances | 1,107 | 4,927 | 2,076 | 325 | 180 | 171 | 126 |
| Total current assets | 1,846 | 5,752 | 3,064 | 759 | 579 | 430 | 555 |
| Total current liabilities | 399 | 4,593 | 2,224 | 312 | 355 | 171 | 136 |
| Net working capital | 1,447 | 1,159 | 841 | 446 | 224 | 260 | 419 |
| Total assets | 3,196 | 2,692 | 2,327 | 1,942 | 1,592 | 1,527 | 1,090 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 72.71 | 6.35 | 8.42 | 74.72 | 30.21 | 53.64 | 63.54 |
| Net cash from operating activities | (7.71) | 57.19 | (172) | (270) | 178 | 301 | 219 |
| Net cash from investing activities | 166 | 395 | (81.96) | (82.22) | (130) | (500) | (247) |
| Net cash from financing activities | (218) | (386) | 252 | 286 | (3.95) | 175 | 18.72 |
| Net change in cash | (59.40) | 66.36 | (2.07) | (66.30) | 44.52 | (23.43) | (9.90) |
| Closing cash | 607 | 649 | 828 | 374 | 350 | 198 | 381 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -12.4% | +107.1% | +86.5% | -2.7% | -36.1% | +62.2% | - |
| EBITDA growth | -10.9% | +213.3% | +518.8% | -31.6% | -68.1% | +12.2% | - |
| PBT growth | -8.1% | +512.1% | +1414.4% | -96.1% | +154.4% | -10.0% | -11.9% |
| Net income growth | -5.0% | +508.0% | +1448.7% | -84.4% | -79.0% | +214.5% | - |
| Revenue CAGR (3Y) | +50.1% | +55.4% | +5.0% | +0.3% | -4.2% | +20.6% | -3.1% |
| EBITDA CAGR (3Y) | +158.5% | +136.7% | +10.5% | -37.5% | -30.7% | +13.3% | +2.9% |
| Profitability & leverage | |||||||
| Net income margin | +47.8% | +44.1% | +15.0% | +1.8% | +52.1% | +11.3% | +17.8% |
| Return on capital employed | - | +30.9% | +6.4% | +1.3% | +1.7% | +16.3% | +15.8% |
| Return on net worth | - | +33.0% | +4.3% | +0.2% | +1.5% | +12.2% | +16.2% |
| Debt / equity | - | 0.37 | 0.28 | 0.10 | 0.02 | 0.40 | 1.57 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.02 | 0.19 | 0.66 |
| Interest cover | 13.85 | 14.53 | 39.09 | -564.17 | 44.01 | 57.88 | 48.50 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.18 | 2.33 | 2.03 | 3.96 | 5.38 | 5.82 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 1,13,440.00 | 34,848.00 |
| Debtors turnover | - | 8.07 | 5.98 | 7.30 | 9.60 | 10.40 | 0.76 |
| EPS (₹) | 30.54 | 166.15 | 27.78 | 1.80 | 109.45 | 18.28 | 23.64 |
| Dividend per share (₹) | 14.00 | 144.50 | 0.00 | 0.00 | 0.00 | 32.00 | 0.00 |
| Book value per share (₹) | 0.00 | 532.54 | 484.55 | 455.25 | (398.68) | (225.15) | 146.37 |
To see the full year-wise statements and ratios of Nuvama Wealth Management Limited, buy the company report.
Board of directors of Nuvama Wealth Management Limited
Nuvama Wealth Management has 8 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiv Sehgal | Whole-Time Director | 11 Jan 2022 | 4 Years 9 Months | Current |
| Birendra Kumar | Director | 17 Nov 2021 | 4 Years 11 Months | Current |
| Ashish Kehair Also directs: Nuvama Wealth and Investment Limited, Nuvama Wealth Finance Limited, Svastha Consulting LLP and 1 more | Managing Director | 21 Sep 2021 | 5 Years 1 Months | Current |
| Aswin Vikram Also directs: Alternicq Limited, Acme Formulation Private Limited, Pagac Advisors India Private Limited and 4 more | Director | 11 Jan 2022 | 4 Years 9 Months | Current |
| Anisha Motwani Also directs: Alternicq Limited, Motherson Sumi Wiring India Limited, Ceigall India Limited and 5 more | Director | 30 Jul 2021 | 5 Years 2 Months | Current |
| Nikhil Kumar Srivastava Also directs: Alternicq Limited, Nuvama Wealth Finance Limited, Acme Formulation Private Limited and 3 more | Nominee Director | 19 Mar 2021 | 5 Years 7 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Nuvama Wealth Management Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services, Wealth Management), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nuvama Wealth Management Limitedthis company | ₹4,630.69 Cr (FY 2026) | ₹1,041.04 Cr | 22.5% | 11.3% | 235 | Mumbai, Maharashtra, India |
| HDFC Securities Limited | ₹3,264.55 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| Touchline Securities Private Limited | ₹2,972.03 Cr (FY 2023) | 3800.0% | Mumbai, Maharashtra, India | |||
| Sbicap Securities Limited | ₹2,329.01 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Nuvama Wealth Management Limited, buy the company report.
Auditor
Nuvama Wealth Management Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2018 | 012754N/N500016 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 54.00%, foreign institutional investors hold 19.00%, domestic institutional investors hold 8.50% and retail and other public shareholders hold 18.50%.
Sep 2026
QUARTER
54.00% Promoters
8.50% DII (Domestic Institutional)
19.00% FII (Foreign Institutional)
18.50% Retail & Others
Promoter holding - history
Now 54.00% · Sep 2026High 54.60% · Dec 2025Low 54.00% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 54.00% | 54.10% | 54.20% | 54.60% |
| Public | 46.00% | 45.90% | 45.80% | 45.40% |
Charges & borrowings
Open charges
₹3,062.45 Cr
Satisfied charges
₹2,917.76 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 May 2026 | 101308671 | State Bank of India | ₹142.5 Cr | Open | |
| 25 Apr 2025 | 101095090 | Idbi Bank Limited | ₹100 Cr | Open | |
| 21 Apr 2025 | 101093564 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Open | |
| 06 Sep 2023 | 100775333 | Others | ₹150 Cr | Open | |
| 16 May 2023 | 100717001 | State Bank of India | ₹700 Cr | Open |
To see the full charge records of Nuvama Wealth Management Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Nuvama Wealth Management Limited has 33 deals on record (10 secondary share transfers, 10 funding rounds, 10 market trades), with disclosed funding of ₹2,190.24 Cr; the latest was in October 2025.
Total deals
33
Secondary share transfers
10
Funding rounds
10
Market trades
10
Rights issue
1
Disclosed funding
₹2,190.24 Cr
Deals on record (5 of 33)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Market trade | ₹1,759.44 Cr | Buyer: Kotak Emerging Equity Scheme Seller: Edel Finance Company Limited , Ecap Securities and Investments Limited |
| Sep 2024 | Market trade | ₹1,481.21 Cr | Buyer: Smallcap World Fund Inc, Morgan Stanley Investment Management, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Seller: Ecap Securities and Investments Limited , Edel Finance Company Limited |
| Sep 2024 | Market trade | ₹1,481.21 Cr | Buyer: Europacific Growth Fund, Morgan Stanley Investment Management, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Seller: Ecap Securities and Investments Limited , Edel Finance Company Limited |
| Jun 2023 | Funding round | ₹1,309.06 Cr | Investors: Others-Nuvama Wealth Management Limited, Mabella Trustee Services Private Limited , 2 individuals |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: ECAP Equities Limited Seller: Edelweiss Financial Services Limited |
To see the full deal history of Nuvama Wealth Management Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nuvama Wealth Management Limited has 27 court cases on record: 9 filed by Nuvama Wealth Management, 18 filed against it. 5 cases are pending and 22 are disposed.
Total cases
27
Filed by the company
9
Filed against the company
18
Pending
5
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 14 | 4 |
| District courts | 4 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LEC) | Filed against the company by Indian Express Newspapers Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Kalani Industries Pvt. Ltd. | Disposed |
| District court, Gwalior, Madhya Pradesh | Court case (UN CR) | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax Central 1 Mumbai | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-4 | Pending |
To see the full case history of Nuvama Wealth Management Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Nuvama Wealth Management Limited was last rated by Care on 07 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jul 2022 |
To see the full credit ratings and regulatory alerts of Nuvama Wealth Management Limited, buy the company report.
MSME payment delays
Nuvama Wealth Management Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 8 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unisky Technologies Private Limited | |||
| Newel Infotech Private Limited | |||
| Aqm Technologies Private Limited | |||
| an individual supplier | |||
| Vda Infosolutions Private Limited |
To see the full MSME payment records of Nuvama Wealth Management Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nuvama Wealth Management has 6 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
6
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Nuvama Clearing Services Limited | U51109MH2008PLC187594 | |
| Nuvama Wealth and Investment Limited | U65100GJ2008PLC077462 | |
| Nuvama Capital Services (Ifsc) Limited | U65999GJ2016PLC094838 | |
| Nuvama Wealth Finance Limited | U67120MH1994PLC286057 | |
| Nuvama Asset Management Limited | U67190MH2019PLC343440 | |
| Pickright Technologies Private Limited | U72200KA2019PTC126326 |
To see the full group structure of Nuvama Wealth Management Limited, buy the company report.
Employees & EPFO
Nuvama Wealth Management Limited has a workforce of 235 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
235
Active EPFO establishments
1
Employee growth
-7.11%
GST
Nuvama Wealth Management has 6 GST registrations: 4 active and 2 cancelled or inactive.
Total GSTINs
6
Active
4
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK3792N1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 07AAACK3792N1Z2 | Delhi | Active | 01 Jul 2017 |
| 24AAACK3792N1Z6 | Gujarat | Active | 01 Jul 2017 |
| 33AAACK3792N1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nuvama Wealth Management Limited, buy the company report.
Recent activity
Nuvama Wealth Management Limited has 76 board changes on record since 1993: 43 appointments and 33 cessations. The latest: Anthony Murray Miller ceased to be Nominee Director on 20 May 2025.
Charges
A charge with State Bank Of India amounted to Rs. 142.50 Cr with Charge ID 101308671 was registered on 25 May 2026.
Charges
A charge registered on 17 Sep 2024 via Charge ID 100985158 with Others was fully satisfied on 21 Apr 2026.
Filing
Nuvama Wealth Management Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Nuvama Wealth Management Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 700.00 Cr registered on 16 May 2023 with Charge ID 100717001 was modified on 28 Aug 2025.
Ceased
Anthony Murray Miller ceased to be Nominee Director.
Charges
A charge with Idbi Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101095090 was registered on 25 Apr 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 50.00 Cr with Charge ID 101093564 was registered on 21 Apr 2025.
Charges
A charge with Others of Rs. 258.01 Cr registered on 14 Jul 2022 with Charge ID 100596187 was modified on 24 Sep 2024.
Charges
A charge with Others amounted to Rs. 136.50 Cr with Charge ID 100985158 was registered on 17 Sep 2024.
Ceased
Navtej Singh Nandra ceased to be Director.
Appointed
Bharat Kalsi was appointed as CFO.
113 earlier events are in the company report.
News
Nuvama Wealth Management: Corporate Top LINE May Moderate In H2, Earnings Downgrade Likely; Brace For Volatility, Unless Oil Shock Fades Or US Fed Eases Rates
Nuvama Wealth Management: Weak Domestic Incomes, El Nino Pose Risks To Demand; Earnings Headwinds Rising, Sustained Oil Shock Could Hurt Margins
Nuvama Wealth Management: Relative To Bonds, Equities Valuations Are Still Around 2024 Peak; 2 Yrs Of Flat Markets Have Erased Indian Equities Valuation Excess
Frequently asked questions
Nuvama Wealth Management is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 20 August 1993 (33+ years old) and is registered under CIN L67110MH1993PLC344634. Listed on BSE: 543988 and NSE: NUVAMA.
Nuvama Wealth Management reported revenue of ₹4,630.69 Cr for FY 2025-26 (up 11.3% YoY) based on consolidated financials.
Nuvama Wealth Management has 8 current directors:
- Ashish Kehair - Managing Director
- Shiv Sehgal - Whole-Time Director
- Birendra Kumar - Director
- Aswin Vikram - Director
- Anisha Motwani - Director
- Nikhil Kumar Srivastava - Nominee Director
- Sameer Ambarish Kaji - Director
- Kamlesh Shivji Vikamsey - Director
The latest financial statements of Nuvama Wealth Management on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nuvama Wealth Management is 27AAACK3792N1Z0, registered in Maharashtra. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAACK3792N1Z2 (Delhi), 24AAACK3792N1Z6 (Gujarat), 33AAACK3792N1Z7 (Tamil Nadu).
The CIN (Corporate Identification Number) of Nuvama Wealth Management is L67110MH1993PLC344634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nuvama Wealth Management is a listed company as per MCA records. Its shares are listed on both BSE (code: 543988) and NSE (symbol: NUVAMA).
Nuvama Wealth Management has 27 court cases on record: 9 filed by the company and 18 filed against it. 5 are pending. Most are in the high courts.
Nuvama Wealth Management was incorporated on 20 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Nuvama Wealth Management has 33 deals on record (10 secondary share transfers, 10 funding rounds, 10 market trades), with disclosed funding of ₹2,190.24 Cr; the latest was in October 2025.
The peers of Nuvama Wealth Management by revenue are HDFC Securities Limited, Touchline Securities Private Limited, Sbicap Securities Limited, all in the BFSI industry (Broking Services, Wealth Management), with the same principal business activity (financial advisory, brokerage and consultancy services).
Anthony Murray Miller ceased to be Nominee Director on 20 May 2025. Navtej Singh Nandra ceased to be Director on 05 Aug 2024. Bharat Kalsi was appointed as CFO on 12 Jun 2024. Nuvama Wealth Management has 76 board changes on record in total.